Frank Myers Auto Maxx Has Used Car Shortage In Winston Salem 

Used Car Supply Shortage Drives Local Car Dealer To Pay Up To $4000 More For Trades Than They Are Currently Worth In Order To Keep Inventory Full

by Tracy Myers Saturday, May 07, 2011
The crisis in Japan & Libya has caused a serious shortage of vehicles. Frank Myers Auto Maxx needs used cars & is willing to do almost anything to get them... including paying up to $4,000 more than your vehicle is currently worth.

"Our business can't afford to wait for this problem to run its course," said Tracy Myers, owner of Frank Myers Auto Maxx. "We need to keep selling cars. But with less than a 23-day supply of on hand, we need to do something pretty drastic. That's why I’ve agreed to pay up to $4,000 more for your trade-in than it's currently worth. I'll even buy your current vehicle even if you don't buy one from us and I'll pay off your loan or lease early, just so we can keep our inventory from running dry."

This unusual proposal makes sense because rather than removing a car from the inventory at the time of purchase, you actually replenish the supply when you trade in. Myers says that each transaction has a unique “Inventory Footprint” with some transactions resulting in -1,some in 0, and some in +1. According to Myers, “This month we’re looking for 0’s and +1’s, which means we’ll we’ll pay off your loan or lease early, just so we can keep our inventory from running dry. All you have to do is buy ANY pre-owned vehicle in stock.”

How Long Will This Last?
When asked about timing, Myers explained, “This problem should only last about a month. I expect the supply to level out by June or July as the manufacturers pick up the pace. But we only have 12 months in a year, and I’m not willing to go dark for one of them.”

The offer to pay up to $4000 more than your trade-in is worth will last until the inventory supply returns. Automotive experts indicate that this inventory correction could last anywhere between 10 and 45 days.

The Banks Want Out
To make the timing even better, it seems that some banks are anxious to eliminate loans made between two and five years ago. “There was a lending frenzy during that time that caused many banks to make deals they wish they wouldn’t have made (now known as toxic assets). Now they’re trying to clean their books up…and many are more than happy to be finished with loans that aren’t yet paid off. This works in your favor.”

“It truly is a good opportunity for all involved: the bank gets their money, I get the inventory I need, and you get the nicer, newer used car you want. There are no losers in this deal!” trumpeted Myers.

People Over Credit Profiles
“At most dealerships, the credit score matters more than the person. But our relationships with many flexible lenders allows us to match your credit application with the lender most likely to approve you…a bank that will take the person into consideration, not just the credit score. Heck, just looking at the credit scores is what got us into this mess in the first place. It’s high time to put the person first, in my opinion. That’s how we operate here.”

What Next?
Myers expects a heavy response to this offer, so please call ahead and make an appointment to have your current loan or lease evaluated. Walk-ins will be accepted, though may require a short wait. If lines are busy, please keep calling.

Please call Ashley Spain, our Family Ambassador, at 336-767-3432 or visit Frank Myers Auto Maxx at 4200 North Patterson Avenue in Winston-Salem, NC right away. You can also visit their website at

Q: Who is this right for?
A: This is good for anyone who is currently making a car payment but would like to switch to a nicer, newer car…stop making his or her current payments…and would like up to $4000 more than their car is currently worth.

Q: Will there be a negative impact on my credit score?
A: No. Your current lease or loan will be paid off and there will be no negative consequences. If anything, it could help your score.

Q: What will my new payment be?
A: That depends on what car you choose next. Often we can keep your payment the same and sometimes the payment is actually a bit lower.

Q: How much will I need for a down payment?
A: There is no fee for us to evaluate your trade-in and eliminate your payments. And many of the banks we work with offer no to low down payment options. Plus my Transparent Trade Appraisal Process means you’ll receive a fair, accurate and complete evaluation of your current vehicle and situation, with no pressure. You’ll be able to make an intelligent decision with all the facts.

Q: Do I have to have good credit?
A: Good credit makes it easier on us…but we really need cars right now. So please bring in your car so we can have a chance at eliminating your payments no matter what your credit is like. My EVERYBODY RIDES Program is designed to help you get approved even if you’ve made mistakes in the past.

Q: What if my car is paid off?
A: Even better. I’ll pay up to $4000 more than it’s worth right now because it’s worth more than it has been in the past. So trading in right now could be a wise investment. This is the perfect timing.

Frank Myers Auto Maxx was recently recognized as the #1 Small Business in NC by Business Leader Magazine, one of the Top 28 Independent Automotive Retailers in the United States by Auto Dealer Monthly Magazine, one of the Top 10 Internet Auto Retailers in the Nation & one of the Top 3 dealerships to work for in the country by The Dealer Business Journal. Tracy is also the Co-Creator of the “Everybody Rides” program and author of the best selling book “Car Buying Secrets Exposed: The Dirty Little Secrets of a Used Car Dealer”, available at and better bookstores. He is a Christian Business Owner whose goal is to run his business “By the Book”. The dealership specializes in helping people find, qualify for and own the vehicle of their dreams with little or no money down…even with less than perfect credit. For more information on Frank Myers Auto Maxx, please visit their website at:

0    submitted by Tracy Myers
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